Kobe University

Displaying 1 - 6 of 6 results

This paper investigates the relationship between geographic patterns of economic activity and productivity growth in a two region model of trade and endogenous growth without scale effects. At the core of the model is the production and in-house innovation activities of manufacturing firms and, in a world of transport costs,
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This paper investigates the relationship between geographic patterns of industrial activity and endogenous growth in a two region model of trade that exhibits no scale effect. The in-house process innovation of manufacturing firms drives productivity growth and is closely associated with firm-level scales of production and relative levels of accessible
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This paper compares the resilience of Socially Responsible Investment (SRI) funds with that of conventional funds towards the global financial crisis by using an event study methodology. Taking the bankruptcy of Lehman Brothers as the particular event, the authors estimated the average cumulative abnormal returns of both SRI funds and
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This paper investigates how the gains from commitment are large when inflation persistence and data uncertainty coexist. The authors consider two types of data uncertainty: measurement errors of potential output and inflation. They show that under a situation where data uncertainty exists, there are large gains from commitment as long
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This paper argues about some missing aspects of Intra-Industry Trade (IIT) and proposes some alternative measures to better capture the nature of IIT. The authors show the over-time evolution of the number of IIT products, and propose an index which captures the share of the number of IIT products over
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Based on Helpman et al. (2004), the authors propose a simple two-country (Home and Foreign) model with heterogeneous firms that capture the role of FDI via utilizing time zone differences. Two countries are located in different time zones and there is no overlap in daily working hours. It will be
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